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to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
have given us arab awaking 101, 201 and 301. >> next, steve ratner talks about addressing the fiscal cliff. of he was joined by the state department's chief economist at the world affairs council to talk about president obama's second term and policy changes ahead. this is about an hour. [applause] >> thank you very much for that introduction. lori has said to me that since we started a bit late, provided it's okay with our speakers, we'll run a little built late, maybe five or ten after two. i'm going to ask them questions for about 40 minutes and then throw the floor open to you. so get your notebooks out and your questions, you can grill them in a moment. before starting, lori asked me to set the frame a little bit and to talk just for a moment about the u.s. competitiveness and the u.s. economy in a global context. and their actually was an oecd report that came out this morning that does that admirably. this report predicts that within four years, by 2016, the chinese economy will be bigger than the economy. and what the oecd report sort of further says, it's a great report. if
is a prolific and wonderful leader. host: thank you so much for joining us today. that is our show for the "washington journal." we will take you now live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] chaplain, father conroy. chaplain conroy: let us pray. eternal god, we give you thanks for giving us another day. we come to the end of a week during which some members of this people's house have come to complete their service in the congress and others have come to prepare for their opportunity to serve this great nation. it is a time of tremendous transition, a time thought with trendation and some uncertainty. send your spirit of peace and calm, let all might have confidence in your faithfulness to us and no matter what lies ahead, your grace is abundantly available. now we approach a week during which all americans will regather to remember who we are , a nation generously blessed not only by you, our god, but by courageous ancestors, faithful allies and the best good wishes of people everywher
you do instead of dealing with the policy issues. we have have a very distinguished member with us, a good friend of all of us, someone who deals seriously with policy issues and is joined us today and that would be january from illinois. >> also i think today of most significance i believe is my role on the intelligence committee. all of us were given a briefing based on emerging information from the intelligence committee . susan rice, i do -- susan rice went on television based on the information that was available at the time and the briefing that she was given information and intelligence that she had no part in collecting. the kind of statement that is anyone who had been given those briefings would have made in public. obviously, this was on an unclassified buys sis but she was given information that she had that has subsequently been updated. it was not wrong or deliberately misleading in any way. there had been the belief that there had been a protest that developed into this attack. so susan rice as the president very clearly said, if anyone has a problem with the intelli
, different manufacturers, serial numbers, version numbers, and as you well, all using personal computers, anti virus updates almost every day. vulnerability updates for microsoft if you are using a pc that are addressing boehner build is they discovered every couple days. they easily --vulnerabilities they discovered every couple days and patched up. it is very important you keep your start -- software and hardware up to current configuration c do not have any vulnerabilities. almost all of those agencies are reporting they are not doing that. segregation of duties -- this may not be the most important. this is the fox guarding the hen house. you have secured personnel responsible for security management. those should be different people than the people who have just general system administration functions. in general when you get into a very trusted organization many times this person could be one and the same. then you have contingency planning or disaster recovery. this deals with if something does happen, and a natural disaster or a man-made disaster or an attack, can you get back up
of china america capital joins us now from the trading floor of cme group. good morning, good to have you on the show this morning on this jobs friday. > > good to be here. > > what do you anticipate as far as the numbers? > > looking at the adp report wednesday and yesterday's jobless claims report, expectations are probably on the high side. my expectation, for whatever it's worth, and i really don't think it's worth that much no matter what comes out, but 140,000. as long as we're north of 120,000, 140,000, i think it will be ok. the key is going to be the unemployment rate itself, which eyes will be focused on given the sharp drop it had at last month, and it's expected to uptick one or two basis points to 7.8%, 7.9%. so i think that's going to be real key to watch as well. > > and it turns out that consumers are confident. consumer confidence coming in at a four-year high. what do you make of that? > > i think that consumer confidence really goes with the market itself. granted that we have avoided a summer in which things could have turned very bad, and now i think we're looking at
here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings
excellent idea. unfortunately, only one-third of that is going to be used. so $200 million is going to go unspent that can go out and serve unserved america today. the same issue will be in front of us in 2013. that's what windstream's waiver is all about, is there other ways to think about this other than setting the 775 limit. and beyond that i think getting on to the model that we need going forward for universal service funding. the industry, the usta has put forth a model, but the fcc has to come up with their own model which will drive caf ii is what we're calling it, the connect america fund 2, so that's where the biggest bang for the buck will be in our business. because remember, as we looked at these more than minor changes in the financials of the telephone companies across the country, it was so important that we do these two things coincidentally. we kind of got a little bit out of sync. we've gotten one done very effectively, efficiently and fast. it's happen realtime, it's showing up in the numbers today, we've just got to work this usf thing out x it's about the cons
, decline in manufacturing eased a little bit more than expected in november. joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany -- we just saw the 0.2% print. is girl aermany going to have a negative contract? >> i'm looking for a contraction of minus 0.2. so only aed modest one. i expect activity will stabilize in q1 of next year, but obviously that requires a favorable external environment, meaning u.s. not going into this deep due to the fiscal cliff. and also signs of improvement in asia. >> meanwhile the french pmi says the survey there suggests a 0.7% gdp drop in quarter 4 for france. >> that seems quite large. we've seen in rece
us a lot about the state of the consumer and the u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're really just starting. we have about a b.
to point that out. >> we'll consider him the leading edge. >> thank you for joining us. thank you. everybody else, enjoy the rest of your weekend. we'll see you back here on monday. "squawk on the street" begins right now. ♪ have a holly jolly christmas it's the best time of the year ♪ ♪ i don't know if there will be snow but have a cup of cheer ♪ ♪ have a holly jolly christmas ♪ and when you walk down the street ♪ >> bargain hunters starting to hit the malls across the country rushing to get in and get a jump on the holiday shopping season. will it be the strong start retailers are counting on? welcome to "squawk on the street" this day after thanksgiving. hope you had a great holiday. i'm melissa lee along with brian sullivan a sulliv sullivan. let's look at how we're up for this abbreviated session. this is historical tendency in terms of the period between thanksgiving and december 3rd. most of the time we are higher in the markets and we're seeing that play out so far in future. look at the picture in europe. a surprise increase in german business confidence the
now. but guess what? there is another storm with the mid-atlantic. veronica johnson is live for us in the weather center. lay it on us, veronica. >> of course we mentioned a storm system yesterday. we're still looking at it on some of the guidance and weather maps as it looks as though more and more will be developing right off the carolina capes and moving northward. we're tall more about that moving forward, but for today mostly cloudy again and chilly too. it's been a blustery day for us 37 look at the winds throughout the area. 25 to 29 miles per hour wind gusts currently being reported. again, with the day where we've had very limited blue sky yet again, at one point, though, this morning it looked like we were getting a little more clearing in here, but the clouds again are winning out. what's left of sandy spinning way off to the north. 51 degrees columbia heights and petworth. good afternoon to you guys in virginia, chantaly, frankownia 49 degrees. 50 degrees right now in prince george's county over in mitchellville, maryland. here's a look at your forecast for the evening.
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
in the latest incident are real. as with the target. unmanned u.s. predator surveillance graft. the incident was real. though the timing is perhaps, perhaps suspect. one week ago. six days before the u.s. election. national security correspondent jennifer griffin is following this breaking story from the pentagon. >> reporter: at 4:50 a.m. november 1, days before the u.s. presidential election, two iranian su-25 frog foot fighter jets like these intercepted and fired twice upon an unmanned, unarmed u.s. m-2-1 predator drone over the persian gulf. it's the first time the iranians ever fired on a u.s. drone. the shots missed on both attempted. iran's fighter pilots briefly pursued the drone that landed safely at an undisclosed location. >> incident occurred over international waters. 16 nautical miles off the coastline. aircraft was never in iranian air space. it was always flying in international air space. the internationally recognized territorial limit is 12 nautical miles off the coast. we never entered the 12 nautical mile limit. >> asked whether the incident was an act of war, the penta
fulfilling the commitment to us. of course, our thoughts and prayers are with you, governor, and your family. he is a governor dedicated to his people, to the rule of law, and to the future of the united states of america, and we're very pleased and honored to have him here with us today, governor rick scott. [applause] >> good morning. thank you for the introduction. the -- it's great to be here, i want to introduce you to a couple people. this is my wife, ann, married since we were 19 years old. we've been very fortunate. [applause] she makes sure if i say anything, she corrects it, he didn't really say that. she does communications. [applause] [laughter] and then my general council, and he's done a great job. [applause] so ten days after a long and con contentious presidential election, it seems our whole political system has become a constant campaign. one election barely seems to end before in the middle of another one. there is virtually no breaking in between. that leaves us tiredded and a little aggravated. a break is especially important in between elections because elections are ab
adp employment report. mark zandi will deliver the report to us first on cnbc. let's get over to andrew with more of today's top stories. >> joe, i think actually we're going to go and talk to mary thompson. as new jersey begins to recover, gas lines are growing. mary thompson is on the new jersey turnpike this morning. mary, good to see you. but there's been a lot of lines and a lot of people talking about this. >> reporter: yeah, very frustrating situation. take a look behind me, you can see the line at the vince lombardi station. and what you can't see is that it stretches down just about a half a mile to the entrance to this rest stop. our cameraman waited in line to get gasoline, he said it took him about 25 minutes. and brian sullivan drove past it yesterday and said the line was at least 200 cars deep. similar scenes like there are being played out all over new jersey as well as long island. residents driving across state lines to find gas, others expressing increasing frustration with the situation. >> impossible. can't get it. and we have no lights on, so i have to ge
in the southwest, been in the u.s. since the was basically took half of mexico. and the new latino population which is foreign-born, 40% foreign-born, and the rest of the children of immigrants. very conservative. i know when asked about government they may give answers that are not extraordinary, but sometimes we get tangled, caught up with polls. resort have seen in this election cycle. and i think with latinos we cite polling with specific issues but is that a better understanding of where they're coming from you will get an understanding of why they're answering the questions that way. but i believe with the latino community, we lost the latino vote because of immigration. if we would have a better position on immigration, from the get-go, from the primary governor romney would've been competitive and it would've been competitive in those battleground states where the latino vote was decisive. and, finally, we have to stop being rockefeller republicans. we are not the party of the 47%. you know, when governor romney said what he did last week that obama won because it gives to latinos and other
-- there are so many things that are on the brink of taking us on the disaster not the least of them being the possibility of cyber warfare. that's something that television news ought to be covering big time right now. i am tremendously concerned by the fact that the american public and its military have never been as far apart as they are right now. a terrific job of covering everyone in uniform and hero. we did a terrific job of welcoming them at airports saying thank you for your service. we know nothing about what's going on in the military and for what's more, the military operations these days are being launched on the basis of drone attacks, cia operatives, special operations forces out in the field, and all of that backed by civilian employees, civilian contractors, and we know next to nothing that is brought by these. islamic because the reporting is not being done? >> it's because we found that keeping the american public won't stand for a draft and the professional military wasn't enough to fight all over the world else we are now -- we've been focused on afghanistan we actuall
gretchen carlson here to help us out. >> gretchen: i saw that word. you have it? >> it is. headquarters. "fox and friends" starts tomorrow. for our election coverage we'll be with you here at 4:00 a.m.. "fox and friends" starts right now. >> gretchen: good morning, everyone. it is monday november 5th. i am gretchen carlson. thank you for sharing the important news day. president obama and mitt romney blitz the key swing states in the next 24 hours. we are life with what you may expect. >> steve: did one word explain the president's campaign? >> at the time the republican congress and a senate candidate by the name of mitt romney. no, no, no. don't boo, vote. vote. voting is the best revenge. >> steve: he's off prompter there. reaction to the president encouraging voters to get revenge and vote for him. >> brian: drivers on the east coast are waiting hours for gas only to only to be abandoned and having to push the cars home. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> gretchen: there is the american headquarters again. this is the big week so many peo
february, which is pertinent because he made an important point. he said, maybe you can even use the word. the arab spring will come to china? i think we should be quite self-confident, not overconfident, but i think we have a sustainable model and then much less certain that china has at this point a truly sustainable model. so that's not really my worry from a european point of view. my worry is a different worry. i worry as we look at these global challenges that paula mentioned from terrorism to piracy to proliferation, it better, et cetera, our ability to create and maintain a functioning system of global government -- governance appears to have declined. our ability to have a working system of global governance. when i look at what's going on this area, to u.n. security council is dysfunctional, not working, not capable of coming to a conclusion. the g20 has not fulfilled, at least not according to me, the expectations we had when this larger body was created. in other words, from a european point of view, you need to worry about the fact that europe will have obviously a smaller po
constitution provided us with the template for classless democracy. it was not achieved immediately, but it was the template. india is important in 1947 because india is the oldest nation of the post-colonial world. the indian constitution creates an ideological template for democracy. with the emergence of india, china had a different template. very interesting, we see these comparisons, two parties, congress and the chinese communist party, became the dominant force in the post independents space. both had to be discriminated because both came from economically driven needs. the chinese offered autocratic left. but had karimov -- charismatic leaders. long story short,ke i i'm waiting for the short part. >> just a little bit longer. both had charismatic leaders, but i [indiscernible] but realistic economic policies that have been following were not working. in one case, you had soft reform of the 1990's and in china's case, from hard left the hard reform. >> right. >> the corruption is causing some much turbulence in nations has actually emerge from economic reform. because an econ
secretary. home prices keep climbing. your professor will tell us if that streak can continue. connell: at the top of the hour, stocks now. good morning. it is nicole petallides on the floor of the new york stock exchange. nicole: good morning, dagen and connell. a big piece of news here. this is obviously a big deal. ninety dollars a share. you can see how the stocks are faring. this will create the second largest package food company. you can see the upside. conagra is up about 4% there. obviously, big news on that. the dow today down 41 points. he regained 3.3%. today we have come under pressure. the s&p and nasdaq also down. there is a loss of about 40 points. yesterday we lost about 42 points. short-term pullback is pulled back. dagen: thank you. if congress is unable to prevent the fiscal cliff, our lawmakers could send the entire world economy into a recession. steve moore is here, senior economics writer at the "wall street journal." he joins us now from washington, d.c. will they prevent it, steve? >> the good news is, no one should ever listen to what they say. but, you know,
today. also, the ceo of mellon will be joining us to talk about the markets. as we've been talking about, the biggest issue for the markets right now seems to be the uncertainty surrounding the fiscal cliff. yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to a deal. but i'd say there's strong recognition of the significant of getting a deal for the ben fft t benefit of the american public. >> this is all about trying to make american business more competitive, trying to have a fair balanced approach to tax refo reform. the president was clear he wants a balanced approach and we were clear we are behind him. >> top the president and top member of congress will be meeting. cnbc i
. for more information visit texasbookfestival.org. >> tell us when you think of your programming this weekend. comment on our facebook call or send us an e-mail. nonfiction books every weekend on c-span2. >> next, chrystia freeland talked about a rise of the superrich, the.-- the top 0.one% of the population and the impact they have in the world. this is hosted by politics and prose bookstore in washington d.c. and it is about an hour. [applause] >> thanks a lot. sorry to keep everyone waiting. i will say a few things about what is in the book. as i have been doing some interviews with my book, a favored way of interviewers in the conversation is to save the rich have always been with us after all. actually, that is not true. one of the points, the starting point of my book is to say actually things are different now. we really need to be aware of this new political and economic reality that incoming quality has grown hugely in the united states and the industrialized world and around the world and a lot of the action is at the very top -- is that better? i am so short i have to
rice made in the u.s. consulate in benghazi. that could be problematic. >> initially it was a spontanous reaction to what transspired in carey as a consequence of the video. >> that explanation continues to dodge rice. senator mccain said rice failed to get the facts straight. >> don't we all have a responsibility before we go out and talk to the american people and all five sunday morning shows for verifying that the facts were true. there is classified information that she had access to that contradicted that. and said al-qaida was decimated along with bin laden being killed. al-qaida is not decimated but roaring back in most parts of the middle east. >> the republicans senators mccain and ayotte will drill down and find out what happened and critics are tough on rice. but the white house is continuing to show strong support. >> ambassador rice has done an excellent job at the united nations and highly qualified for any number of positions in the foreign policy arena and i will leave it at that. >> today's meeting place between ambassador rice and her staunchest cri
together. it is sort of saying this silver lining is in sight and that gave us a boost here on wall street. 12,471. our heart of the day was 12,602. not far off from yesterday's. you are seeing some financials here. they are trying to move along. jpmorgan was in the red earlier today. bank of america. some of the financials are still in the red. citigroup, goldman sachs, case-by-case. it is not a blanket of of arrows across the board. it still remains. it is something they have to contend with sooner than later. melissa: breaking news right now. the fire is now out at the offshore oil platform. that is in the gulf of mexico. there was an explosion just after 9:00 a.m. eastern. it was about 20 miles off the coast of louisiana. at this time, the coast guard, look at that, the coast guard cannot confirm any deaths. two people are missing and nine people have been flown to local hospitals. we will bring you the very latest just as soon as we learn it. lori: bp is so fresh in everyone's memory still. president obama meeting with congressional leaders. it is all we are talking about these days.
wanted. families on a journey to adopt a child, on the same website that lists used cars, cell phones and sofas. inside the rise of do it yourself craigslist adoption. >>> plus, man versus monster. >> ah! >> our team travels to the deepest wilds of the amazon with an adventurer on a mission. to unearth the planet's most mysterious predators. >> announcer: from the global resources of abc news, with terry moran, cynthia mcfadden and bill weir in new york city, this is "nightline," november 15th, 2012. >> good evening, i'm cynthia mcfadden. tonight, we go on the air, intensifying missile attacks are pounding the gaza strip. part of an escalating conflict that has the world holding its breath, fearing a new war in the middle east could erupt at any moment. tensions between the israelis and palestinians are threatening to boil over, in a region still destabilized from the arab spring. abc's christiane amanpour reports from a middle east on the brink. christiane? >> reporter: cynthia, tonight, i can tell, you jerusalem where i am is extremely tense. here and around the world, everyone is w
your money is? welcome to the "closing bell." bill griffeth rejoins us in a moment. here's how we're shaping up at end of the day. the dow jones industrial falling by 88 points. pretty much the lows of the session. 12,879, matching what we saw when harry reid began making comments about an hour and a half ago. the nasdaq lower by nearly nine points. the s&p lower by seven points. 1399, just below the 1400 level. why the late-day selloff? most on the street blaming these words out of washington about fiscal cliff. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the marke
that tell us the most about politics. everyone thinks the popular vote is close to 50-50. >> that's right. we see in the states that have closed, there are a couple of calls. obama doing great in the northeast. mitt romney, doing well in the south. states projected for obama, vermont, maine. going out on a limb. and for romney, he has georgia, indiana, south carolina, west virginia. the ones we care about, virginia and ohio. they feel ok about florida and virginia. but a sign of trouble. jonathan martin is hearing the margins for him in chesterfield county just outside of richmond, where he is doing well, it is not good enough. if he's losing there, it's a sign of trouble in the state. in ohio, romney is worried about the midwest. wisconsin, and ohio, real nervousness. in the obama war room, confidence. exit polls looked good for john kerry. there are jokes about president kerry. but their models are coming in. the vote is coming in how they expected. >> one state declared is indiana, which obama won and it is called for romney. it shows the map is smaller this time, the map is smaller. s
. you have been quoted as saying that there are very likely as many or more spies working against u.s. interests inside the u.s. during the cold war, which was a head snapping quote when i read it. who are these people and what are they after? >> i don't know that. i've been on the government for six years, but if you look at the value of intelligence, importance of intelligence in the expenditures of resources by china, by russia, but others and look for them is one of the biggest is. well it's the u.s. not only national security secrets, the commercial seats as be of much of can be gleaned or stolen from cyberspace. it is a dire threat in part because we shifted so much attention, so much resource and the counterterrorism arena we've forgotten the necessity of old-fashioned counterintelligence and that's an important element of this. >> often i've heard some people involved in counterintelligence tends to be seen as the redheaded stepchild of the intelligence world. why is that when we need it and what is the cure for a? effect in part because it's something we don't want to think a
gretchen carlson is here to help us out. >> gretchen: oh, my goodness. what is that. i have relaxed too many days. partridge. >> nice, gretchen. ♪ and a partridge in a - pear tree. >> "fox and friends" starts right now. have a great day. >> gretchen: good morning, everybody. it is monday november 26th. i am gretchen carlson . i hope you had a fantastic weekend and a great week. several top republicans said they will back down on taxes as long as there is one condition. >> steve: this time the white house has a better idea. wait until you hear who they are bringing back to lead the negotiations. yimpt powerball jackpot. $425 million . if you think you are more likely to get struck by lightning than win it big. the guy who won eight times who has the secret. >> steve: does he have the numbers. >> brian: "fox and friends" begins now. >> steve: hi, folks, live from studio e. i am sick of turkey. and i am sick of gravy. we had it five-days. >> gretchen: i know, i have a big huge bird sitting in my refrigerator and attempt to make soup out of it later today. >> brian: so it is not alive
hanitet and he is disgusted by it >> the white house is playing games with us. who was in charge. who did the president say should take care of this? did they want to rescue the ambassador and people killed with him? why was nothing done for sevenhours? you now have 7 weeks of refusal to explain seven hours and i find it mystifying. >> gretchen: current politicians and senators and members of congress asking a lot of the questions . the white house is pushing a particular picture in the situation room for hurricane sandy. this is where they gathered. many people are asking where that picture was from the benghazi situation room? we saw the images when osama bin laden was killed. that photo of hillary clinton with her hand over her mouth and where is the picture from benghazi? >> the whet white is good at putting tick tocks what the minute by minute from the president. the president would like to know more than anybody what happened on that day, and he is in the best position to do it. we have osama bin laden picture of the president and other white house officials looking in real-time at
us tomorrow. "squawk on the street" begins right now. >> markets waking up to the first full day of business after yesterday's holiday and the news flows back in full swing. good morning. welcome to "squawk on the street." i'm carl quintanilla along with melissa lee, jim cramer, david faber live at the new york stock exchange. futures in the red on cautious commentary from some retailers. management shake-up at microsoft and weak german business sentiment and this prolonged spat between the eu and imf over how to reduce greek debt. a beat and raise for the quarter for home depot. >> the man in charge of whippedos eat leaves microsoft just weeks after the product launches. >> jcpenney hits new lows. investors have to recognize that jcp is really two companies. we'll hear what he told becky, andrew and joe. >> lockup of all facebook shares tomorrow. >> first up, shares of home depot rising in free market pchlt home improvement retailer earned 75% a share in the quarter. that beat estimates. home depot raising full-year guidance citing signs of recovery in if the housing market. jim
markets closing at 1:00 p.m. eastern on friday. take a look at the u.s. equity futures. the dow is down by about 3 points. the s&p 500 is off by four. the nasdaq down by about 12. because of tomorrow's holiday, you do have the labor department coming out, releasing its weekly jobless claims numbers today. we get them a day early instead of a day late. also today we'll be getting weekly mortgage rates. and freddie mac will report on the weekly mortgage rate averages as well. >> let's talk about the top global market story this morning. it is greece's international lenders, which did not reach a deal, and now they won't be releasing that next bailout payment. nearly 12 hours of talks failed to reach a consensus. the imf and the central bank all going to gather again on monday to try again, but this is not necessarily good news at all. hostess brands will proceed with a plan to go out of business. the maker of twinkies says last-minute talks with the striking workers broke down yesterday, hearing with a bankruptcy judge set for 11:00 eastern time. then we have another string of bad news. >
who mentioned this to me as us going out the door last night, we had three major house special elections over the last couple of years. one in pennsylvania, mark critz one that when. one in new york when chris lee, he is sending videos or photographs of his shortlist top left office in upstate new york, was replaced by the democrat kathy hogle. and the third, when arizona seat open up after congressman giffords stepped down after the horrible shooting. she was replaced by congressman barber. the democrats won all three of those special elections, and each and every case they said they won because of medicare. did somebody say medicare? at what was, medicare. and then what the democrats had was, and we're going to use that as a template for winning in the twinkling election. didn't work at the congressional -- 2012 election. women look at the exit polls and we see why people voted and how they voted, sometimes it's not so civil. the exit polls have some very strange results. i'll get into a couple of these. is the country had in the right direction or sears off on the wrong trac
men from the navy and army. thanks. >> it was great having you here, brian. >>> that's it for us on "squawk on the street." at noontime, a very special edition of "closing bell" gets under way. have a great day. >>> it is a very special edition of "closing bell." welcome, everybody, to black friday. i'm bill griffeth. >> and i'm mandy drury, standing if for maria bartiromo. if peopler turn out in force to get big bargains. it's not just people in stores buying. investors seem to be buying. >> this is the first black friday rally on friday in four years. this is the last hour of trading right now. we're on a half-day schedule because of the how days, so if you have any trades to get in before the closing bell today, this is the hour to do that. it's been a really mode from the get-go. we're off the highs right now right now we're 102 at 12,939. we were knocking on 13,000's door earlier, pulling back from that right now. the nasdaq is up a person or 31 points, and the s&p at this hour is up 11 points, almost a percent at 1402. a shortened trading day. if anyone was shorting the mar
back and let us know how it went. >>> inside the numbers, did retailers benefit from opening doors on thanksgiving day? we're going to get some new perspective. the fiscal cliff, might a new wrinkle make it even tougher for the two parties to make a deal? it is one of the big hits of the season, the new film about abraham lincoln, and coming up, a unique take from doris kearns goodwin who wrote the book. imagine if this were your neighbor. one holiday display is drawing a lot of attention. that is in our one-minute playback. wow. good morning, everyone. welcome to "weekends with alex witt." let's get to what's happening right now out there. we have some new numbers today. as retailers begin to calculate black friday sales and whether it paid off to open on thanksgiving. all that, plus today is small business saturday, and cyber monday, of course, happens in just two days. nbc's michelle franzen is in n manhattan. >> alex, we've gotten through the first wave, the black friday, include being the early start that began on thanksgiving evening. so how did everything turn out? well, r
a momentous decision this morning from the u.s. supreme court. jenna: we'll con continue to watch that story a fox news alert. we're awaiting the outcome of a very pivotal meeting that could potentially ease the crisis in egypt or push that country into further chaos. that is one of our big stories. we're glad you're with us. i'm jenna lee. jon:. i'm jon scott. the first elected leader, president mohammed morsi expected to come face-to-face with senior judges in egypt who say his power grab has gone too far. there are indications that the both side are trying to find some middle ground. morsi's maneuver unleased a rage of protests that continues to rage across the country. meanwhile the u.s. embassy in cairo says there are sporadic clashes between protesters and police near its entrance. we're told some rocks landed inside the walls of that huge compound. embassy officials say there is no indication they are the target. egypt wields enormous influence in the middle east peac process. that power demonstrated by brokering the cease-fire between is rainfall and hamas. steve care began streaming
times what the rest of public education costs. and many, and the vast majority of our basis we use public schools. we could take the money we're spending today, pay every public school system 14,000 per child, and save billions of dollars per year just on, and with the same or better outcomes. >> this weekend talk with oklahoma senator tom coburn about the fiscal cliff, the affordable care act and the future of the republican party on "book tv"'s in depth. the senator written several books and reports including the latest, the debt bomb. join the conversation with calls, e-mails and tweets comements and for doctor, senator tom coy burn. sunday noon eastern on "book tv"'s in depth on c-span2. >>> up next, for-profit practitioners discuss the role of private enterprise in public education. they lose also look at the obama administration approach to education reform. that was hosted yesterday at the american enterprise institute in washington. it is 90 minutes. >> hi. welcome, thanks for joining us. whether you're here at home, hope everybody had a terrific thanksgiving. i know that w
of the u.s. economy. it's tuesday, november 6th, election day, 2012. "squawk box" begins right now. >>> good morning. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin and the polls are opening in various parts of the east coast as we speak. some 30 million americans have already voted, including the folks in the tiny village of dixville notch. this follows tradition, they voted just after midnight and with the lowest turnout in almost 50 years, this time around it was a tie. five votes for president obama, five for governor romney. back in 2008, president obama defeated john mccain 16-5. let's take a look at the map. 270 electoral votes are needed to win. nbc news now shows president obama with 237 likely. romney 206. and 95 in the toss-up column, so it is going to be a very long evening, andrew. >> i think we'll be staying up pretty late and then we'll be back at it tomorrow morning. but cnbc's team of reporters has the country covered this morning. stationed in battleground states, campaign headquarters and here at election central. among our
% in the last year. we have cnbc tech reporter jon fortt will join us in a little whirl with more on the story at 7:00. and the new york stock exchange anticipate as normal session today after trading in more than 200 stocks were suspended yesterday due to a technical problem with a server. stocks in question continued trading in other markets. and a little goldman sachs news. they will reportedly tap the smallest nuch executives in more than a decade to join it highly coveted partnership ranks. goldman exacted to announce the promotion of only about 70 employees to partner. roughly one third less than knows named back in 2010. >> did your buddy make it? i have to explain as -- greg smith didn't make it? >> no, he did not. >> are you sure he wasn't on the list? >> he was not on the list. i think that's one of the reasons he ended up writing that book. i believe he made have made more money writing that book than some partners made this year. >> you checked, he is definitely on the -- >> pretty confident he's not. best headline of the day goes to the daily news. in the line of booty. i didn't g
substantial revenues. those in revenues me to come from those who can afford it -- the wealthiest among us. as demonstrated in his plan you heard him talk about during his campaign. the clinton error rates in place in the 1990's far from hindering economic growth or part of an economic approach past 1993 that led to the longest peacetime expansion in our lifetimes that led to the creation of more than 23 million jobs. it also led to the creation of thousands of millionaires to boot. there are different ways to approach this. the president will not sign a bill that extends the bush era tax cuts for the wealthiest americans. it is not good policy. >> even if the wealthiest and the pay more in taxes? >> you are dealing with hypothetical about plans that do not exist. the president will not sign a bill that extends tax cuts for the top 2%. he has lon supportg and proposed tax reform both individual and corporate. he believes that is important. he was clear during the campaign and has been clear in other thing we knowe about the clinton era rates for the top earners is that they were effective
in, tom. >> no problem. thanks. dagen: joining us now also on the phone with more is new york congressman mr. charles wrangle. >> i am in my office answering the phone trying to get help to my constituents. we are so fortunate when i see the tragic events that have taken place with my neighbors on the long island and new jersey. dagen: tell us what problems your constituents are seeing the folks up there did not lose power either spin it some of the elevators are now back online. we lost a lot of vehicles that those people were unfortunate to have their grudges flood. we are helping people wherever we can. every day it will improve. i am so proud that every time there is a crisis we can reach down and find that thing that brings us together. dagen: congressman, what is the greatest need in terms of the overall city? >> say that again. dagen: where is the greatest need? >> oh, my god, people who have lost their homes and all of their possessions. they've lost the streets, stores, hopes, there is so much pain involved. if we did not have fema and the coordination between all the
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